Actually, there is! I had a bunch of old reels (16mm and 8mm) that my mom had from her childhood digitized a couple of years ago. There's a company that does it via their site - you mail your stuff to them and they send it back with the stuff on DVD or however you choose. You have the option of how you want it and what quality and they charge by the length of the reels. It was pretty affordable, imho.
The company is Digital Transfer Systems and their site is
http://www.digitaltransfersystems.net/